Indian Prime Minister Narendra Modi reported a Rs 20 lakh crore ($266 billion) bolster bundle for India’s economy on Tuesday to help relieve the harm brought about by the coronavirus.
The upgrade an incentive in dollar terms is practically proportionate to Pakistan’s yearly GDP of $284 billion. It is higher than the GDP of 149 nations including Vietnam, Portugal, Greece, New Zealand, and Romania.
The bundle is worth twofold the endeavor estimation of India’s most esteemed organization, Reliance Industries. The improvement sum is multiple times the individual abundance of Mukesh Ambani.
India’s economic package is twice the wealth of 10 top billionaires. as per Bloomberg billionaire’s index, the 10 top wealthiest Indians own wealth of $147 billion. The stimulus announced is 1.8 times bigger than that.
The Total Relief package is 10% of the total GDP of INDIA Economy which shows that India is full-on ahead of USA, U.S. Nominal GDP: $21.44 trillion – U.S. GDP (PPP): $21.44 trillion. The stimulus package under negotiation in the Senate to combat the economic damage from the coronavirus pandemic will total more than $2 trillion, White House Economic Advisor Larry Kudlow, That is less than 10% of Total GDP of USA.